From: *Travis* Date: Mon, Jan 26, 2009 Subject: 'Drug money flowed into banks'
*'Drug money flowed into banks'*** http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-1783_2458768 Jan 25 2009 17:17 Vienna - The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday. Vienna-based UNODC Executive Director Antonio Maria Costa said in an interview released by Austrian weekly Profil that drug money often became the only available capital when the crisis spiralled out of control last year. "In many instances, drug money is currently the only liquid investment capital," Costa was quoted as saying by Profil. "In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor." The United Nations Office on Drugs and Crime had found evidence that "interbank loans were funded by money that originated from drug trade and other illegal activities," Costa was quoted as saying. There were "signs that some banks were rescued in that way." Profil said Costa declined to identify countries or banks which may have received drug money and gave no indication how much cash might be involved. He only said Austria was not on top of his list, Profil said. - Reuters . __._,_.___ Messages<http://groups.yahoo.com/group/grendelreport/messages;_ylc=X3oDMTJmZnZyYjd2BF9TAzk3MzU5NzE0BGdycElkAzIwMTk0ODA2BGdycHNwSWQDMTcwNTMyMzY2NwRzZWMDZnRyBHNsawNtc2dzBHN0aW1lAzEyMzI5OTA4Mzc-> MARKETPLACE ------------------------------ >From kitchen basics to easy recipes - join the Group from Kraft Foods <http://us.ard.yahoo.com/SIG=13r7u685o/M=493064.12016295.13271503.10835568/D=groups/S=1705323667:MKP1/Y=YAHOO/EXP=1232998037/L=/B=SrFZGEPDhEw-/J=1232990837117911/A=5530388/R=0/SIG=11nuutlas/*http://explore.yahoo.com/groups/kraftmealsmadesimple/> [image: Yahoo! Groups]<http://groups.yahoo.com/;_ylc=X3oDMTJlcmY5N2Q3BF9TAzk3NDc2NTkwBGdycElkAzIwMTk0ODA2BGdycHNwSWQDMTcwNTMyMzY2NwRzZWMDZnRyBHNsawNnZnAEc3RpbWUDMTIzMjk5MDgzNw--> Change settings via the Web<http://groups.yahoo.com/group/grendelreport/join;_ylc=X3oDMTJnMWN2NzczBF9TAzk3NDc2NTkwBGdycElkAzIwMTk0ODA2BGdycHNwSWQDMTcwNTMyMzY2NwRzZWMDZnRyBHNsawNzdG5ncwRzdGltZQMxMjMyOTkwODM3>(Yahoo! ID required) Change settings via email: Switch delivery to Daily Digest<[email protected]?subject=email+delivery:+Digest>| Switch format to Traditional<[email protected]?subject=change+delivery+format:+Traditional> Visit Your Group <http://groups.yahoo.com/group/grendelreport;_ylc=X3oDMTJlbjRkYjM1BF9TAzk3NDc2NTkwBGdycElkAzIwMTk0ODA2BGdycHNwSWQDMTcwNTMyMzY2NwRzZWMDZnRyBHNsawNocGYEc3RpbWUDMTIzMjk5MDgzNw-->| Yahoo! Groups Terms of Use <http://docs.yahoo.com/info/terms/>| Unsubscribe <[email protected]?subject=> Recent Activity - 2 New Members<http://groups.yahoo.com/group/grendelreport/members;_ylc=X3oDMTJncnYwZmFkBF9TAzk3MzU5NzE0BGdycElkAzIwMTk0ODA2BGdycHNwSWQDMTcwNTMyMzY2NwRzZWMDdnRsBHNsawN2bWJycwRzdGltZQMxMjMyOTkwODM3> Visit Your Group <http://groups.yahoo.com/group/grendelreport;_ylc=X3oDMTJmZmZtdjh1BF9TAzk3MzU5NzE0BGdycElkAzIwMTk0ODA2BGdycHNwSWQDMTcwNTMyMzY2NwRzZWMDdnRsBHNsawN2Z2hwBHN0aW1lAzEyMzI5OTA4Mzc-> Yahoo! News Odd News<http://us.ard.yahoo.com/SIG=13ov3r2u8/M=493064.12016309.12445701.8674578/D=groups/S=1705323667:NC/Y=YAHOO/EXP=1232998037/L=/B=S7FZGEPDhEw-/J=1232990837117911/A=3848614/R=0/SIG=12t4qk00m/*http://news.yahoo.com/i/757;_ylt=A9FJqYzfwK5EFCQAswis0NUE;_ylu=X3oDMTA3NW1oMDRpBHNlYwM3NTc-> You won't believe it, but it's true Cat Groups on Yahoo! Groups<http://us.ard.yahoo.com/SIG=13ocp4uh7/M=493064.12016263.12445670.8674578/D=groups/S=1705323667:NC/Y=YAHOO/EXP=1232998037/L=/B=TLFZGEPDhEw-/J=1232990837117911/A=4836038/R=0/SIG=11olbte0b/*http://advision.webevents.yahoo.com/catzone/index.html> Share pictures & stories about cats. Health Groups for people over 40<http://us.ard.yahoo.com/SIG=13o9hnau5/M=493064.12662708.12980600.8674578/D=groups/S=1705323667:NC/Y=YAHOO/EXP=1232998037/L=/B=TbFZGEPDhEw-/J=1232990837117911/A=5349273/R=0/SIG=11nhsqmjq/*http://advision.webevents.yahoo.com/EverydayWellness/> Join people who are staying in shape. . __,_._,___ -- *~@):~{> -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
